Oreana, Macon County, Illinois Property Taxes
Median Oreana, IL effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Oreana, IL home value: $117,983. Median annual Oreana, IL tax bill: $2,564, $164 higher than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in Oreana, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Oreana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oreana, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oreana, Macon County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.22%
Estimate Property Tax Bill
$2,619
$2,431
Ownwell’s Oreana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oreana with just two data points. By entering your property's estimated assessed value, our calculator applies Oreana’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Macon County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Oreana, Macon County, Illinois
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Oreana Taxx Rate
2.22%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Macon County Taxx Rate
2.55%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Oreana, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62554 | 1.57% | 1.94% | 2.22% | 2.35% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Oreana, Macon County, Illinois
When examining property taxes in Oreana, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Macon County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Macon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Oreana. For example, the median home price in Oreana is $117,983, with tax bills ranging significantly across the county. Zip code 62554 has the highest median home price at $117,983.
Property Tax Assessment Values Across Oreana, Macon County, Illinois
Source: Ownwell

$64,096
$166,841
$269,586
Median Oreana Market Value
$117,983
Median Macon County Market Value
$87,275
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Oreana, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62554 | $76,772 | $92,418 | $117,983 | $183,457 | $236,474 |
Source: Ownwell
Property Tax Bills Across Oreana, Macon County, Illinois
Median Oreana Tax Bill
$2,564
Median Macon County Tax Bill
$2,091
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Oreana, Macon County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62554 | $1,170 | $1,781 | $2,564 | $4,022 | $5,525 |
Source: Ownwell